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Question 13 0.5 pts The court ordered that Zoo Limited to be wound up. At the liquidation process, the company had an piece of secured
Question 13 0.5 pts The court ordered that Zoo Limited to be wound up. At the liquidation process, the company had an piece of secured leasehold land which cost $70 000 and had accumulated amortisation of $24 000. Receiver realised the asset for $50 000. There was also an outstanding mortgage payable of $35 000 secured against the leasehold land. The liquidation journal entries are which of the following? Dr. Liquidator's cash $50 000 Dr. Mortgage payable $35 000 Cr. Leasehold land $46 000 Cr. Liquidation $39 000 O Dr. Leasehold land $46 000 Dr. Mortgage payable $35 000 Cr. Liquidator's cash $50 000 Cr. Liquidation $31 000 Dr. Mortgage payable $15 000 Dr. Liquidator's cash $35 000 Cr. Leasehold land $46 000 Cr. Liquidation $4 000 Dr. Liquidator's cash $15 000 Dr. Mortgage payable $35 000 Cr. Leasehold land $46 000 Cr. Liquidation $4 000
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